The board of directors of Vardhman Textiles Limited, at its meeting held on August 13, 2019, considered and approved the scheme of arrangement amongst VMT Spinning Company Limited, VTL Investments Limited, Vardhman...
Mangalam Timber merges with Mangalam Cement
The BK Birla group-controlled Mangalam Cement Ltd and Mangalam Timber Products Ltd have been merged to attain value of scale. The consolidation will help in efficient utilization of their resources, reduction in...
Hinduja Group restructures media & communications business
The Hinduja Group via its main holding company Hinduja Ventures had originally started with the communication business and now has multiple businesses via its subsidiaries and investments. The media and communication...
Jet Airways Cross Border Insolvency Proceedings
In the Corporate Insolvency Resolution Process (CIRP) of Jet Airways (India) Ltd., the question came up for discussion on the validity and priority of the Insolvency proceedings being conducted at a country outside...
Total buys stake in Adani Gas to increase India footprint
In order to make a larger presence in India, Total SA will buy a 37.4% stake in Ahmedabad-based Adani Gas Ltd for Rs 6,200 crore. The French energy giant has made an open offer to public shareholders of Adani Gas to...